Tata Motors reports 8% decline in domestic sales in January 2019

Tata Motors has registered a drop of 8% in its domestic sales at 54,915 units in January 2019, as against 59,441 units sold over last year. The company’s Commercial Vehicles (CV) domestic sales declined by 6% in January 2019 at 37,089 units, compared to 39,386 units sold last January. The M&HCV truck segment declined by 9%, at 11,694 units, compared to 12,804 units over last January.

The company’s Passenger Vehicles (PV) domestic sales witnessed a drop of 11%, at 17,826 units, as compared to 20,055 units sold in January 2018. The company’s sale from exports (from CV and PV) in January 2019 was at 3,270 units lower by 37% over last year.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.